Amazon.com may fall to 181.00 - 184.00

Pivot

191.50

Our preference

Short positions below 191.50 with targets at 184.00 & 181.00 in extension.

Alternative scenario

Above 191.50 look for further upside with 196.00 & 201.00 as targets.

Comment

The upward potential is likely to be limited by the resistance at 191.50.

Supports and resistances

201.00

196.00

191.50

187.83 Last

184.00

181.00

178.00

Number of asterisks represents the strength of support and resistance levels.